NEW YORK ( TheStreet) -- W&T Offshore (NYSE: WTI) hit a new 52-week high Tuesday as it is currently trading at $26.17, above its previous 52-week high of $26.12 with 956,514 shares traded as of 10:27 a.m. ET. Average volume has been 943,300 shares over the past 30 days.

W&T has a market cap of $1.7 billion and is part of the basic materials sector and energy industry. Shares are up 20.6% year to date as of the close of trading on Monday.

W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico. The company has a P/E ratio of 14.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates W&T as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and feeble growth in the company's earnings per share. You can view the full W&T Ratings Report.

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